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By: Crown Forex - 08-07-2008
0votesPrevious Tutorial | Next TutorialOil decline as we projected reaching 139.50 and was able to adjust momentum after being excessively overbought on short-term basis. Still though it needs time to trade sideways within yesterday's range with slightly further decline yet trading above 138 will provide the upside wave with more momentum in case of adjusting further momentum and the left excess buying orders saturation.
The trading range for today is expected among the key resistance level at 147.30 and the key support level at 137.70.
The general trend is to the upside as long as 100.00 remains intact, targets now are at 150.00 and 153.65.Support
141.35 140.50 139.15 138.90 137.25 Resistance 143.35 144.30 145.60 146.25 147.30 Recommendation Share:
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Crown Forex
CROWN FOREX SA, located at St-Hubert 38, 2854 Bassecourt, P.o.box 247, Switzerland, is fully regulated as a financial intermediary under Swiss federal law on the prevention of money laundering (LBA, MLA). Our company is also affiliated with the ARIF association, thus overseen by the Swiss federal de
DISCLAIMER:
The above may contain information for investors/traders and is not a recommendation to buy or sell currencies, gold, silver & energies, nor an offer to buy or sell currencies, gold, silver & energies. The information provided is obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. I am not liable for any losses or damages, monetary or otherwise that result. I recommend that anyone trading currencies, gold, silver &energies should do so with caution and consult with a broker before doing so. Prior performance may not be indicative of future performance. Currencies, gold, silver &energies presented should be considered speculative with a high degree of volatility and risk
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